During Friday's Mad Money program Jim Cramer looked ahead to this Wednesday where he saw another quarantine stock, Campbell Soup Co. (CPB) , which is due to report earnings. Cramer wants to hear if the hoarding phase is over or if this recession stock will continue to surge.
Let's check out the charts.
In the daily bar chart of CPB, below,we can see that prices have trended higher the past 12 months but it has not been easy. Prices had a "wild month" in March but declines below the rising 200-day moving average line have been brief and temporary. The trading volume was heavier than average in March and the On-Balance-Volume (OBV) line trended higher through the month and stands at a new high for the move up.
The Moving Average Convergence Divergence (MACD) oscillator has crisscrossed the zero line a number of times in the past few months.